Tyler, Texas, Jun 18, 2014 (GLOBE NEWSWIRE via COMTEX) --
SearchCore, Inc. (otcqb:SRER), a manufactured housing retail center owner and operator, announces that it has sold 50% of its manufactured homes inventory and is in the process of receiving more than double the recent shipment of manufactured homes inventory.
Last week, the company received four of its previously ordered eight manufactured homes. Two of the homes were immediately sold with closings anticipated in thirty days. The two remaining homes will be used as display homes. The company more than doubled its existing order with its home supplier and has ordered a total of eighteen homes. Delivery of which will be in phases with the next set of homes expected to arrive by early July; however, the company foresees the selling of these homes within thirty days of receipt.
The company also announces the hiring of two additional sales people to assist with the increasing number of walk-in buyers at its three retail locations in Texas.
Mr. Brent Nelms, President of Wisdom Homes Of America, states, "We're very happy to report that inventory has started to officially arrive, and the list of our pre-qualified and qualified home buyers continues to grow. As a result, we've increased our inventory order and our sales team to address the increase in traffic. Our home buyers are very excited because we offer a tremendous selection of home models and designs. We can now offer over eighty different features and designs in our line of homes for a buyer to choose from. As a result, we're able to easily satisfy a first time home buyer with a limited budget, as well as the more selective home buyer with disposable income that's interested in purchasing a large, attractive home with lots of upscale amenities."
About SearchCore, Inc.
SearchCore, Inc. founded in 2010, is a manufactured housing retail center owner and operator. The company is headquartered in Tyler, Texas. The Company's common stock trades on the OTCQB, under the ticker symbol "SRER."
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). SearchCore, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied
results. SearchCore, Inc. undertakes no obligation to revise these statements following the date of this news release.
CONTACT: SearchCore, Inc. (855) 266-4663 info@searchcore.com Investor Relations Contact Financial Profiles, Inc. (310) 478-2700 x 30 searchcore@finprofiles.com
Copyright (C) 2014 GlobeNewswire, Inc. All rights reserved.
The MarketWatch News Department was not involved in the creation of the content.
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